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Stock of the Day: SpaceX Is Climbing — But Sellers Are Waiting Above
SpaceX (SPCX) shares have risen over 40% since August 6 but face resistance around $140-$150, a previous support level. Trading psychology drives this resistance, as investors who bought at that price now seek to sell at breakeven. While the long-term outlook for SpaceX and AI stocks remains promising, traders are cautioned that market movements are often influenced by emotion rather than just fundamentals.
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